Groupe Chez Gérard
Groupe Chez Gérard (also known as Paramount Restaurants plc) comprised four restaurant brands (Chez Gérard, Bertorelli, Livebait and Café Fish) mainly located in London. During the fund’s ownership, the group acquired Caffé Uno, a nationwide chain, doubling the size of the business. The fund backed an experienced management team in a strategy of greater efficiency and expansion. Growth was achieved through acquisition and through extension of the strong Chez Gérard brand into new locations, including concessions in hotels and airports.
Fund
Fund 2
Investment date
May 2005
Deal type
Public-to-private
Sector
Leisure
Exit date
September 2006
Exit type
Secondary buy-out